Both Chapter 7 and Chapter 13 Bankruptcy provide a means for Oklahoma consumers to eliminate most unsecured debt. This includes, credit card debt, personal loan debt, and unpaid medical expenses. Also included is repossessions and foreclosure debt. Many Oklahoma consumers have steady employment but are simply unable to overcome credit card debt. Credit card debt is a burden shared by many Oklahoman’s, and it is…
Foreclosure and Bankruptcy Attorneys
Foreclosure and bankruptcy often go hand in hand. When you file chapter 7 or chapter 13 bankruptcy, you can keep your home as long as you are current on your mortgage payments. People who lose their home can eliminate the remaining debt after foreclosure. Under most circumstance, filing for bankruptcy will temporarily postpone the foreclosure process. Read on to learn more about how declaring…
Oklahoma Bankruptcy Means Test
In order to file for chapter 7 or chapter 13 bankruptcy, you must first pass the Bankruptcy means test. The test differs for chapter 7 and chapter 13 petitioners. For instance, there are certain monetary thresholds under the chapter 7 bankruptcy means test that once reached, prohibit a debtor from filing. As an alternative, the debtor may be able to file for chapter 13 bankruptcy…
Tulsa Bankruptcy and Divorce
Chapter 13 bankruptcies usually take between three and five years to complete. During this portion of your life, much can change. Divorce ca occur while couples are still working through a Chapter 13 plan. If this happens it can have implications on your bankruptcy. The following is a look at what happens if you seek a divorce during your Chapter 13 bankruptcy. We discuss…
Alternatives To Bankruptcy in Oklahoma
Filing for bankruptcy may not be the right step for everyone. Each person has his or her own unique financial circumstances that require different plans for managing and eliminating debt. Furthermore, whether or not you choose to file for bankruptcy is often dependent upon your income. This is because if you have a steady income, you may be able to manage your debt. There…
Small Business Bankruptcy Tulsa Oklahoma
Starting a business takes incredible courage and a lot of hard work. Keeping a business going takes even more hard work, dedication, and also a bit of luck. Sometimes, businesses that have excellent potential are unable to bring in enough money to stay afloat. Its hard for a small business owner who has spent so much time and energy on his business to close…
